News
The latest industry news from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Nov- 2023 -3 November
KFC owner net revenues rise 26% in Q3
Yum! Brands, the owner of KFC, has revealed that net incomes increased 26% to $416m (£340m) for Q3 ended 30 September, as total revenues rose by 4% to $1.71bn (£1.4bn). This comes as KFC contributed 13% to the overall global sales growth, followed by 11% by Taco Bell and 4%…
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2 November
Today’s news in brief – 02/11/23
Coffee#1 reported strong trading for Q1 ended 31 August, with a 21.9% year-on-year growth in sales. The company, which operates in Wales, the Southwest, the South Coast and parts of the Midlands, opened three new stores in Godalming, Yate, and Cwmbran, all of which performed well. The brand’s iced coffee…
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2 November
New StrEat Kitchen launches at NEC Birmingham
NEC Birmingham has launched a brand-new street food offering, StrEat Kitchen, as the business’ live events calendar gears up for a busy stretch of autumn events. The new kitchen in Hall 3 of the venue is being provided by live events caterer Amadeus. StrEat Kitchen builds on the success of…
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2 November
Chopstix’s converted Chozen Noodle sites see sales uplift
Two former Chozen Noodle sites which have been converted into Chopstix venues have seen sales rise almost 50% since the conversion. The sites Beaconsfield Extra motorway service area and Cobham Extra motorway service area became Chopstix sites following the brand’s takeover of competitor Chozen Noodle in March. These two venues…
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2 November
Coffee#1 sales grow 21.9% in Q1
Neighbourhood coffee shop brand Coffee#1 has announced strong trading for the first three months of its financial year ending on 31 August, with sales growth of 21.9% year on year. Founded in 2001 and now operating across Wales the Southwest, the South Coast and parts of the Midlands, Coffee#1 also…
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2 November
Cornish Bakery opens 58th site in Harrogate
The Cornish Bakery has opened the doors to its 58th location in the Victorian spa town of Harrogate, Yorkshire. The Harrogate launch comes on the back of eight successful openings in the last 12 months in Norwich, Bakewell, Bury St Edmunds, Canterbury, Truro, Whitby Harbour, Plymouth Barbican and Caledonian Park. …
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1 November
Today’s news in brief – 01/11/23
Various Eateries reported revenues of £45.5m for the year ended 1 October, slightly exceeding market expectations, driven by new site openings. Despite battling a challenging macroeconomic environment, train strikes, and unseasonably wet summer weather, the group maintained like-for-like sales. However, Group EBITDA is expected to be a loss of £1.6m.…
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1 November
Various Eateries revenues surpass expectations in FY23
Various Eateries has announced that revenues for the year ended on 1 October were slightly higher than market expectations at £45.5m, largely driven by new site openings. Group like-for-like sales were “maintained” despite the challenging macroeconomic environment, train strikes, and unseasonably wet weather during the summer months. Group EBITDA is…
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1 November
Young’s Pubs acquires The Crooked Billet in Clapton
Young’s Pubs has acquired The Crooked Billet in Clapton, further growing its presence in London. The Crooked Billet is a two-storey, 4,500 sq.ft wet-led pub with an expansive garden in the heart of East London. Previously operated by London Ordinaries Limited, owned by Michael Burman, Malc Heap and Nick Pring,…
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1 November
Searcys appoints new executive chef for restaurants
Searcys, Britain’s “oldest” catering company, has appointed Thomas Piat as executive chef for its restaurants. Searcys said that with a “wealth of experience” working in kitchens across the world, Piat brings his “classical and international culinary expertise to the company’s growing portfolio of brasseries and Champagne Bars”. Having graduated with…
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